Re:Google Announces Fourth Quarter and Fiscal Year 2023 Resu...
by dboreham on Tuesday January 30, 2024 @05:36PM
(#39196881)
Two things:
1. "sell on the news"
2. results vs "expectations"[1]
"expectations" is a weird Wall St concept where some small number of people who don't necessarily know much get to invent a set of numbers for the company results in the future. Then a bunch of other people who know even less believe/pretend that those expectations mean something, and will buy/sell the stock accordingly when the actual results are revealed. Yes Kabuki Theater.
Actually it's about as bogus as software project planning/management, so perhaps all fields have similar made up nonsense. Hopefully not the people designing bridges. Or airplanes. Oh wait...
1. "sell on the news"
2. results vs "expectations"[1]
"expectations" is a weird Wall St concept where some small number of people who don't necessarily know much get to invent a set of numbers for the company results in the future. Then a bunch of other people who know even less believe/pretend that those expectations mean something, and will buy/sell the stock accordingly when the actual results are revealed. Yes Kabuki Theater. Actually it's about as bogus as software project planning/management, so perhaps all fields have similar made up nonsense. Hopefully not the people designing bridges. Or airplanes. Oh wait...